Former Billionaire Wyly Sued by Ex-Wife Over Stock Holdings
January 27, 2015
(Bloomberg) — Former billionaire Samuel Wyly was sued by his ex-wife over claims he hid stock in companies he controlled during their 1991 divorce. Wyly, who helped build companies including arts-and-crafts retailer Michaels Stores Inc., filed for Chapter 11 protection last year after losing a fraud suit to the U.S.
